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This is Money
Britains economy is lagging well behind other leading industrialised countries, a leading economic think-tank confirmed yesterday. Figures from the Organisation for Economic Co-operation and Development (OECD) showed that while the UK remained in recession between July and September, the other leading seven economies expanded.
OECD confirms that Britain is lagging behind the worlds leading economies
Standard & Poor's has given warning that nearly all of the world's big banks lack sufficient capital to cover trading and investment exposure, risking further downgrades over the next 18 months unless they move swiftly to beef up their defences.
Most global banks are still unsafe, warns S&P
Dominique Strauss-Kahn, head of the International Monetary Fund, has warned the financial elite that its behaviour has stretched the patience of Western democracies to near snapping point, precluding any possibility of a second rescue if recovery falters.
Bail-outs would imperil democracy, warns IMF
The perfect riposte to Mondays equity market rally has arrived: the latest Global Strategy Weekly from Soc Gens Albert Edwards. And while the headline rather gives things away, here are some selected highlights for all the bears out there.
Deep 2010 downturn could yet trigger trade war and yuan devaluation
The Japanese Finance Ministry is planning to float 140,000 billion yen (?950 billion) of ordinary government bonds in 2010, an unprecedented issuance of debt that will reignite concerns about the creditworthiness of the worlds second biggest economy.
Japan flirts with disaster as debt deepens